M/I Homes is priced attractively at under 10x forward earnings, but two of the last four quarters missed consensus estimates and one came in flat, with an average quarterly earnings surprise of -11.8% across all four periods — combined with free cash flow covering only 48% of reported net income and a quality score at the minimum acceptable threshold, the risk profile does not support a new position.
Thesis pillars
- Quality Floor No Entry Room↓Deteriorating
- Homebuilder Valuation Support↑Improving
- Earnings Miss Pattern→Stable
- +1 more pillar — see the Why tab for full reasoning
M/I Homes, Inc. (MHO) Stock Analysis
Consumer Cyclical · Residential Construction
Sell if holding. Engine safety override at $139.89: Quality below floor (3.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.8/10. Specifically: Elevated put/call ratio: 3.29; Below-average business quality; Negative price momentum.
The Company commenced homebuilding activities in 1976 marking 2026 as our 50th year in business. Since that time, the Company has sold over 168,200 homes. Unless this Form 10-K otherwise indicates or the context otherwise requires, the terms the "Company," "we," "us" and "our"... Read more
Sell if holding. Engine safety override at $139.89: Quality below floor (3.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.8/10. Specifically: Elevated put/call ratio: 3.29; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 4.8/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 37d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated 2026-09-13Recent Developments — M/I Homes, Inc.
Latest news
- NEWS M/I Homes Inc (MHO) Shares Surge 3.7% -- What GF Score of 84 Tel - GuruFocus — GuruFocus positive
- NEWS M/I Homes Q1 Review: The Inflection Point May Have Moved (NYSE:MHO) - Seeking Alpha — Seeking Alpha neutral
- NEWS Earnings Flash (MHO) M/I Homes Posts Q1 EPS $2.55, vs. FactSet Est of $2.60 - marketscreener.com — marketscreener.com neutral
- NEWS Earnings Flash (MHO) M/I Homes, Inc. Reports Q1 Revenue $920.7M, vs. FactSet Est of $921.7M - marketscreener.com — marketscreener.com neutral
- NEWS M/I Homes stock falls 3% on mixed first quarter results - Investing.com India — Investing.com India negative
Generated 2026-09-14T05:21:58Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
4 floor-breakers
Revenue shrinking — -8.5% YoY. Growth thesis broken unless recovery story develops.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $139.89: Quality below floor (3.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.8/10. Specifically: Elevated put/call ratio: 3.29; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $133.34. Score 4.8/10, moderate confidence.
Take-profit target: $145.07 (+3.7% upside). Prior stop was $133.34. Stop-loss: $133.34.
Quality below floor (3.6 < 4.0).
M/I Homes, Inc. trades at a P/E of 11.8 (forward 9.9). TrendMatrix value score: 8.2/10. Verdict: Sell.
8 analysts cover MHO with a consensus score of 4.0/5. Average price target: $171.
What does M/I Homes, Inc. do?The Company commenced homebuilding activities in 1976 marking 2026 as our 50th year in business. Since that time, the...
The Company commenced homebuilding activities in 1976 marking 2026 as our 50th year in business. Since that time, the Company has sold over 168,200 homes. Unless this Form 10-K otherwise indicates or the context otherwise requires, the terms the "Company," "we," "us" and "our" refer to M/I Homes, Inc. and its subsidiaries.